Cherat Cement Witnesses Strong Gains in Active Trading

Karachi: Cherat Cement (CHCC) had a robust trading day on the Pakistan Stock Exchange, with the share price opening at PKR 153.2 and surging to a closing of PKR 160.25. The stock witnessed a low of PKR 153.2 and reached a high of PKR 158.43, before settling at a closing price of PKR 152.63. A total of 1,339,035 shares were traded during the session.In the futures market, Cherat Cement presented a positive outlook, with its December (CHCC-DEC) and January (CHCC-JAN) contracts showing highs of PKR 163.76 and PKR 166.94 respectively, despite no trades taking place. The December contract had a closing price of PKR 158.09, while the January contract closed at PKR 161.15.The November futures for Cherat Cement (CHCC-NOVB) saw active trading, opening at PKR 155 and reaching a high of PKR 159.65. The session ended with the futures closing at PKR 163, marking an increase, on a trading volume of 198,500 shares. The closing price for the day was recorded at PKR 154.